Investor Ray Dalio will become the latest business executive to donate cash for President Donald Trump's investment account for kids. Treasury Secretary Scott Bessent announced on Wednesday that Dalio will be donating seed money for Connecticut kids under a new Trump administration initiative to rally philanthropists around the program. "Ray has made the first move, but we welcome other donors and foundations in Connecticut and across the country to join him in the 50 State Challenge," Bessent said at a ...

President Donald Trump unveiled a sweeping new savings initiative for children, dubbed "Trump accounts," a government-created investment program established under the One Big Beautiful Bill Act. The accounts function much like traditional long-term investment vehicles, but with rules specifically designed to protect young savers. Available only to those under 18, they’re funded through federal seed money, private contributions from families and, when applicable, supplemental deposits from employers or nonpr ...